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In this time of uncertainty, focus is essential. For most companies in good times, this was not the case. I remember standing in the temperature screening queue in Doha. As the line wound around multiple stations, my backpack cut into my shoulders. I was tired and cranky as I read the overview of MERS. Start Doing.
These insights are also increasingly valuable at a time when we’re seeing more demand volatility and business disruption. Thinking in scenarios reduces the response time required to adapt to changing business conditions, building resilience into the planning process. S&OP as a practice is changing. – Tweet this.
Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend as a risk. My great-aunt Ione, who lived to be 103, quit smoking at 97, which prompted the question “why now?”
So to put this into context and understand just what it means for Freightos – and for the industry at large – I sat down with Zvi Schreiber, Freightos’ CEO, to understand the significance. They each maintain just one single integration to the WebCargo by Freightos platform. What we have built is repeatable.
Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations?
Now, ML forecasting is not just monthly or quarterly; weekly and even daily forecasting is now possible. In terms of supply planning, if key parameters (like supplier lead times) are no longer correct, then the planning becomes suboptimal. AI is not a new technology in the supply chain realm; it has been used in some cases for decades.
The second issue is that the Gartner comparison is based on a short time frame (a three-year comparison). (We I believe that supply chain superiority should be measured against peer group comparisons for a period of time that is long enough to see the patterns. My issue is that the Gartner methodology celebrates underperformers.
It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supply chain. Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing.
” Accurate transit time predictions have become more crucial than ever given customer demands and expectations, the cost impacts of late shipments, and dynamic nature of today’s supply chains. Shippers and logistics service providers are faced with multiple challenges when trying to determine accurate shipment transit time estimates.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
My client attempted to have a supply chain discussion to improve flow, and his executive group just did not get it. I was promoted to run the warehouse, and at the time, I had no experience in distribution, but was asked to run the largest distribution center in the system. Sometimes, this is a tough discussion. Yes, I am that old.)
At the time, one of the people (let’s call him Noel) that I great respect for in the industry called me to say, “Lora, I don’t get it. In 2012, I published an article on Sales and Operations Technology (S&OP) Maturity. (I I never republished the report, because not enough has changed to warrant it.)
At the time, many business leaders did not know how to type and had no idea how to use a computer. Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump. During the 1980s, I was on a management team for a large manufacturer.
We’re just getting started. Bookings on our platform are growing fast and consistently, but turning our growing transaction volume into massive revenue and profit will take time. Over time I believe we can build a very large, profitable company and bring you great returns. Not many startups ever get to become public companies.
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But rip and replace is expensive, time consuming, and risky. Their large footprint stores sell a wide variety of goods besides just healthcare items. Instead of rip and replace, why not just augment the existing solution? That means different things to different people. Isn’t there a better way? Walgreens thought so.
When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. As ports become more congested, lead time variability increases. As I rolled holiday cookies in my hands, I watched TV. As I watched, I shook my head. I am worried.
You’ve seen the Suez Canal memes, you know furniture is taking way longer than usual to get to your door, and you may have even heard about Pelotons shipped by air to reduce delivery times. And it’s not just ocean freight. When that stopped, the industry found itself in a crunch and within just months, prices took off by some 400%.
Process latency, the time for an organization to make a decision using a traditional S&OP process, is two-to-six weeks. The traditional leader values cost reduction but is blind on how to value time. Over four-hundred days of war in Ukraine. Growing tensions between China and trading partners. Unrest in Sudan. What is normalcy?
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I just went live this year with a Fortune 25 company, and their factories book against their orders online. ” Followed by, “We just implemented an end-to-end solution at Unilever; the results are impressive.” Feasible plan for tactical manufacturing planning (outside of lead time) reflecting actual constraints.
Time to Know. Time to Act. For me, it is a heightened respect for time. For me, it is a heightened respect for time. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As the economy shut down, I sunk in a pit of despair.
Probabilistic planning is a lot like trying to figure out what time you need to get up and what time you need to leave for a 5:00 AM flight. But not just the traffic, but also the chances of an accident, the impact of weather, and other things as well.” Do they need to add time for dropping off a rented car?
They are just very costly, painful and time consuming to build. In general, to optimize across distribution, manufacturing, and logistics in an execution time frame, companies need to stitch together several solutions. The worse the disruptions, think COVID, the more money is left on the table. N-Tier Visibility.
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At the same time, feeding your AI models too much data can also be a problem. Like Goldilocks’ quest for the perfect bowl of porridge, to leverage AI in your supply chain you need to identify which data is ‘just right’ for your business. Data is the lifeblood of AI in the supply chain.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supply chain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. But there was a cost to this.
That makes autumn the perfect time for many to partake in their local festivals. Traditionally, festivals were held during this time of year to express appreciation for the harvest as well as wish for a good crop in the coming year.
A forecast is a time-phased view, or projection, of future demand. They vary in time-frequency, planning horizon, granularity, and unit of measure. An easy way to think about time horizons is to align the thinking with supplying lead times. Definition. Merriam-Webster. In this blog, I try to answer both questions.
Research shows that the hiring process is biased and unfair. While we have made progress to solve this, it’s potentially at risk due to advancements in AI technology. This eBook covers these issues & shows you how AI can ensure workplace diversity.
In my recent Mea Culpa post, I mentioned my prior work on Sales and Operations Planning (S&OP), and the importance of leadership. Sounds easy, right? Leadership and S&OP? Shouldn’t it be like peanut butter and jelly? If you have walked in the shoes of the supply chain leader, you are probably laughing by now. ” I cringe.
We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. My focus was simple.
The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supply chain and price optimization solution available. And Evo’s responsive AI gives us an essential ingredient to deliver the autonomous supply chain of the future.
Mr. Masson points out the “challenges are not just about the volume, but also the complexity and fragmentation of data generated by sensors, machines, and smart factories. Real-time risk solutions mine vast quantities of online data using natural language processing. “A Mr. Masson leads ARC’s research on industrial AI and data fabrics.
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We are now seeing an increase in the use of automation, not just within a TMS or WMS, but the digital coordination across all phases of logistics, from shipper to broker to carrier to warehouse. Applications techniques – Using AI/ML to drive real-time insights and decision making – plus improved optimization, resilience and responsiveness.
In 2016, we finished a study on continuous improvement. When I started this research project, I was busy. The survey was one of many, and I found the project relatively nondescript, bordering on boring. One of my lessons learned in completing survey-based research over the past twelve years, is that projects are full of surprises. What Drives Value?
Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supply chain management. People are used to interacting with data in a complex waynot just for scheduling but to get real, in-depth answers.
Smart energy management systems further enhance efficiency by tracking and optimizing energy use in real-time. In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Warehousing operations also offer opportunities for sustainable transformation.
It involves finding a data management provider that can append contacts with correct information — in real-time. Not just that, but also ongoing data hygiene efforts to keep the incoming (and existing) information fresh.
Is this just standard PR hype? This reflects manufacturers’ difficulty in synching the plans finalized in an integrated business planning executive meeting with what the shop floor is capable of manufacturing in the short-term time planning horizon. Manufacturers refer to it as the “shop floor to top floor disconnect.”
We’re inching toward the time of year when sweltering heat can only be quenched by one experience–a dunk in a cool, crisp, clean swimming pool. That’s a 46% increase in just a few months. Apparently, customers purchased the same product for just $70 back in 2020. Temperatures are rising and people are getting sweaty.
As discussions full of oxymorons, acronyms, and juxtapositions fill the air, I think that it is time to step back, and rethink planning based on the opportunities that new forms of analytics and data give us. My goal is to engage the supply chain community in a no smoke and mirrors discussion. My goal is to drive change. Buyer beware.
These same pundits also predict that AI could lead to increases in global GDP by trillions of dollars in the same time frame. A true WMS is a real-time system. A real-time WMS can achieve inventory accuracy of 99.9% For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse.
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